121 EAST 22ND STREET in New York

Name: 📣 300$ — discount certificate
Start: 2020-06-25T09:30:20.432682+00:00
End: 2023-12-31T23:59:59+0000
Location: 121 EAST 22ND STREET

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Project info

Object ID: 7838

Finished at	March 2019
Price, m²	From 37142$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	18
Apartments	140
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Underground parking Spa Fitness Pool Commercial area Kids playground Near school Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		194		8103$
Average		52%		37$

Total invested

1,114,260$

Net profit

5,906$

Payback period

137.5 years

Avg property value increase per year

Open ROI calculator

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About the project

High-concept architectural theory manifests at 121 East 22nd Street in Gramercy. The 18-story condominium comes from the Office of Metropolitan Architecture (OMA), whose founder Rem Koolhaas authored the 1978 “Delirious New York,” a “retroactive manifesto” that codified Manhattan’s “culture of congestion” and inspired a generation of architects. Shosei Shigematsu, Partner at OMA New York, applies the firm’s creative philosophy through dramatic, chiseled cascade that deconstructs the block as it greets the intersection. As the black-grid façade recedes from the corner, sheer floor-to-ceiling windows transition to deep-set apertures that respond to the sculpted, pre-war buildings next door. Angled balcony arrays wrap around a stunning, canyon-like courtyard.

Minimalist elegance permeates the amenities, which include a 24-hour attended lobby, serene courtyard garden, children’s playroom, fitness center, indoor pool, and outdoor terraces where grilling stations and couch-lined fire pits open onto splendid city views.